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Blockchain Press Releases

Canaan Shines at Blockchain Life 2024 in Dubai

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DUBAI, UAE, April 18, 2024 /PRNewswire/ — Canaan Inc. (Nasdaq: CAN), the creator of ASIC Bitcoin miners, captured the spotlight at the highly anticipated Blockchain Life 2024 event in Dubai, UAE, on April 15th-17th. Canaan introduced its cutting-edge One-Stop Mining Solutions, flagship Avalon miners, the eye-catching Avalon Nano 3 which designated to revolutionize accessible Bitcoin mining for all. Canaan also emphasized strategies of green mining of Bitcoin in the Middle East.

As the world’s first blockchain company listed on Nasdaq, Canaan has led the way in Bitcoin mining rig development and manufacturing, delivering top-of-the-line products of Avalon miners that redefine efficiency and performance standards through extensive technology research and development efforts.

One-Stop Mining Solutions

Canaan is the creator of the ASIC Bitcoin mining chip and the renowned mining rig, Avalon miners. As the trailblazer of the ASIC mining industry, Canaan has been consistently upgrading Avalon product series and introducing new products and services to facilitate greener and easier mining experiences for the clients.

In response to evolving market demands, Canaan has observed a shift towards sustainable stable and reliable Bitcoin mining investments. This transition has inspired them to develop One-Stop Mining Solutions with high ROI to customers and adapting to various environment including high-temperature, dusty and sandy scenarios. Canaan provides Avalon mining machines with leading PE performance, most cost-effectiveness; meanwhile, Canaan offers customized Avalon Boxes with air-cooling and immersion cooling options, along with ready sites for swift deployment of mining rigs in seven countries worldwide.

With a global network of over 20 customer service centers, Canaan’s equipment reaches customers across multiple countries and regions, solidifying their commitment to providing comprehensive mining solutions worldwide.

Avalon Nano

Avalon Nano is the coolest handy miner in the world, designed to be portable and user-friendly. Resembling a mobile hard disk, it’s compact enough to fit in your pocket and comes in lively colors.

Avalon Nano aims to make mining more accessible to everyone, while creatively raising public awareness about Bitcoin mining. Easy to set up, this innovative product has garnered positive feedback from customers for its quiet operation and simplicity. Avalon Nano stands out with its dual functionality – it is not only capable of mining Bitcoin but can also provide warmth for your hands and feet during chilly winters. Additionally, for regions with hotter climates such as the Middle East, the warm air generated by the device can be used to keep your belongings dry, ensuring comfort and utility in a variety of environments.

Green Bitcoin Mining

As the host of the upcoming COP28, the Middle East is at the forefront of green transition efforts, aligning perfectly with Canaan’s green mining strategy. Canaan’s green mining strategy focuses on employing cutting-edge technologies to enhance the environmental friendliness of Avalon miners and Avalon Boxes. Canaan is dedicated to developing more efficient chip designs and air-cooling mining rigs, leading the global development of immersion cooling miners. Canaan also continues to improve its capabilities in global power resource diversification and integration, mine construction, operation, maintenance, and waste heat utilization. Through collaborations with partners in Kazakhstan, Ethiopia, and the US, Canaan is actively promoting green mining practices by utilizing clean energies such as hydroelectricity.

With advancements in technology and a growing demand for eco-friendly crypto solutions, the future of sustainable mining looks promising. It is imperative for Bitcoin miners to prioritize sustainability and work towards minimizing their environmental impact. Together, we can create a greener and more sustainable future for Bitcoin mining.

Committed to advancing the prosperity and sustainability of the Bitcoin mining ecosystem, Canaan continues to set the standard as a prominent player in the digital mining industry. By providing cutting-edge technology and comprehensive services, Canaan keep empowering its partners and driving innovation across the mining industry. The success achieved at the event not only showcases Canaan’s profound influence but also exemplifies the company’s unwavering dedication to shaping the future of sustainable and accessible Bitcoin mining.

About Canaan Inc.

Canaan Inc. (Nasdaq: CAN) is a leading provider of high-performance ASIC chips. With a diversified strategy centered on “blockchain + AI,” Canaan is dedicated to the research and development of high-performance ASIC computing chips, AI chips, and devices. As a Nasdaq-listed company, Canaan is recognized as the world’s “first blockchain stock company”.

For more information, please visit:

Website: canaan.io

Twitter: https://twitter.com/canaanio
LinkedIn: https://www.linkedin.com/company/%E5%98%89%E6%A5%A0%E7%A7%91%E6%8A%80/
Instagram: https://www.instagram.com/canaan.tech?igsh=Yjhmc2p3dXBpN3Zr
Telegram: https://t.me/+ZgMP9hkOQ5k1MzQ1

Media Contact: [email protected]

Photo – https://mma.prnewswire.com/media/2391245/Canaan.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/canaan-shines-at-blockchain-life-2024-in-dubai-302121095.html

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Blockchain Press Releases

Bitget Wallet Lists Ecosystem Token BWB on Native Launchpad, Seeks to Capitalize on Market Momentum

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VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — Bitget Wallet, one of the largest multi-chain wallets, has announced that its official ecosystem token will be listed on its native launchpad from May 23, 18:00 (UTC+8). This move marks a significant milestone in Bitget Wallet’s commitment to revolutionizing the digital asset landscape and providing users with unparalleled opportunities for growth and engagement.

Users who have accumulated at least $200 worth of transactions in the month of May on Bitget Swap, the wallet’s native trading platform, will be eligible for the public round of the launchpad.

“For a project to launch its own token, careful and robust consideration of various factors have to be made,” Alvin Kan, COO of Bitget Wallet comments. “A clear understanding of a project’s unique value proposition on the market, together with a strong community to back it, are paramount requirements that need to be met before a token launch. We are satisfied that these conditions have been adequately met at this point in time, which have led us to this strategic move.”

BWB Tokenomics

Following the recent conclusion of the BWB Points campaign, the BWB token, set to launch on Solana, Ethereum, and Base chains, will be capped at a total supply of 1 billion. 47% of this total supply will be allocated to the community treasury and 10% will go to investors, while 5% will be reserved for the pre-TGE (token generation event) airdrop.

Aside from community governance rights, BWB can also be used to cover gas fees on multiple chains, staking, and will qualify holders for future airdrops from Bitget Wallet. The token will soon make its way to the wallet’s native launchpad.

Bitget Wallet Launchpad: Democratizing DeFi

Distinguishing Bitget Wallet from other wallets by providing new and innovative ways to improve the overall user experience has been a central focus of Bitget Wallet’s development roadmap this year. By introducing a native launchpad, the wallet aims to provide an avenue for users to better discover new and upcoming projects that have been carefully vetted by the Bitget Wallet team. In doing so, not only will users be able to better capitalize on various “low risk, high return” opportunities in the DeFi space, it also empowers retail investors to follow smart money and trends in the industry.

“The democratization of investment opportunities is an important goal that we are working towards, as this allows users to participate in high-quality projects and strengthens the participation and reward mechanism of the entire ecosystem,” Alvin says.

Being one of the first wallets on Web3 to integrate a native launchpad also means that users will be able to participate in leading projects right from the convenience of their Bitget Wallet mobile application. The launch of the platform’s ecosystem token on its very own native launchpad marks a pivotal milestone in Bitget Wallet’s aims to expand its global influence and deepen customer engagement.

About Bitget Wallet

Bitget Wallet is Asia’s largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, NFT, DApp, and token earning center. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.

For more information, visit: Website | Twitter | Telegram | Discord

View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-lists-ecosystem-token-bwb-on-native-launchpad-seeks-to-capitalize-on-market-momentum-302150050.html

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Blockchain Press Releases

KuCoin Ventures Announces Strategic Investments in ELFi Protocol to Enhance Derivatives Trading Experience

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VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has announced a strategic investment in ELFi, a cutting-edge decentralized derivatives trading platform. This collaboration marks a significant milestone in the evolution of the cryptocurrency derivatives market, emphasizing the strategic partnership between the two entities.

ELFi has been at the forefront of innovation in the decentralized finance (DeFi) space, offering a suite of advanced trading functionalities that cater to both retail and institutional investors. As a pioneer in supporting Portfolio Margin within the P2Pool model, ELFi has demonstrated its commitment to providing sophisticated risk management systems for listing contracts across various risk levels.

The strategic partnership between KuCoin Ventures and ELFi is expected to unlock new opportunities for both parties. Leveraging the industry insights of KuCoin Ventures, ELFi is set to achieve substantial growth. Conversely, ELFi’s innovative trading solutions will diversify services offered by KuCoin Ventures. Some of the key highlights of the partnership include: enhanced liquidity for ELFi, advancements in risk management for all participants and innovation in pool designs.

KuCoin Ventures is excited to partner with ELFi, a platform that shares our vision for a more open and accessible financial future. This investment is not just financial; it’s a strategic move to integrate ELFi’s innovative trading solutions into our ecosystem, providing our users with a superior trading experience.” Said Johnny Lyu, CEO of KuCoin Exchange.

KuCoin Ventures has been actively seeking out and investing in promising blockchain and cryptocurrency projects that align with its vision of a decentralized and inclusive financial ecosystem. The investment in ELFi is a testament to KuCoin’s commitment to supporting projects that bring transformative solutions to the market.

ABOUT KUCOIN VENTURES

KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.

ABOUT ELFi Protocol

ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support.

Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-ventures-announces-strategic-investments-in-elfi-protocol-to-enhance-derivatives-trading-experience-302149886.html

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Blockchain

Merging Traditions with Fintech and Blockchain Innovations

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Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

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